City of Cincinnati Selects Constellation as Natural Gas Supplier for Second Consecutive Term
November 13 2017 - 12:22PM
Business Wire
Agreement provides competitive pricing,
carbon-free energy options, and discounts for seniors
For the second consecutive term, the City of Cincinnati has
selected Constellation, a subsidiary of Exelon Corporation and a
longtime competitive energy supplier in Ohio, to provide monthly
variable-rate natural gas supply to more than 40,000 Cincinnati
residents and small businesses. According to city officials, the
program saved participants a total of $2.1 million dollars in 2016,
as compared to the Standard Service Offer from the utility during
that period of time.
In addition, the City of Cincinnati will be able to provide
customers with a new enhancement to the program that allows them to
reduce their carbon footprint. Through this voluntary program,
Constellation will purchase carbon offsets generated from renewable
natural gas sources such as landfills or farms to offset CO2
emissions associated with each customer’s natural gas use.
“This agreement gives residents an easy option to manage their
energy costs and makes Cincinnati the first city in the country
with aggregation programs to offer participants the option of 100
percent carbon-free energy,” said Michael Forrester, Energy Manager
for Cincinnati.
Residents age 65 or older, who participate in the aggregation
program, may opt to receive a discount of $0.01 per Ccf off the
monthly variable rate or any applicable fixed rate by contacting
Constellation.
“We look forward to continuing to serve Cincinnati residents and
small businesses,” said Kevin Klages, senior vice president of mass
markets for Constellation. “Cincinnati customers can take
advantage of the competitive prices we’ve been seeing in the
natural gas market while giving the city the option to lock in a
fixed rate at a later date. Additionally, residents can opt-in to a
program that will use carbon offsets, which will substantially
reduce their carbon footprint.”
Under the terms of the new agreement, scheduled to begin with
October 2017 meter reads and continue through September 2020, the
program’s monthly variable rate is based on the New York Mercantile
Exchange price for natural gas plus a fixed charge of $0.1217 per
one hundred cubic feet (Ccf). At points during the 36-month
agreement, if the city determines market conditions are favorable,
the program rate may be converted to a fixed rate.
Other than the price and supplier, residents who participate in
the program will experience no change in their natural gas service
and will continue to receive one monthly bill from Duke Energy –
Ohio, the utility responsible for delivering natural gas to
customers’ homes and maintaining the system.
The City of Cincinnati reminds residents that no one from the
city will come to their home to ask them to join the aggregation
program. To learn more, Cincinnati residents can contact
Constellation toll-free at (844) 830-3336 or online at
www.constellation.com/oh-cincinnati. Constellation customer service
representatives are available 24 hours a day, seven days a
week.
This offer sold by Constellation Energy Services – Natural Gas,
LLC., an independent natural gas supplier licensed by the Public
Utilities Commission of Ohio, license number 10-186G(3).
Constellation’s price does not include any taxes, utility
distribution charges or other utility fees, charges or credits, and
is subject to the terms of the agreements with the City and the
participants.
About Constellation
Constellation is a leading competitive retail supplier of power,
natural gas and energy products and services for homes and
businesses across the continental United States. Constellation's
family of retail businesses serves approximately 2.2 million
residential, public sector and business customers, including more
than two-thirds of the Fortune 100. Baltimore-based Constellation
is a subsidiary of Exelon Corporation (NYSE: EXC), the nation's
leading competitive energy provider, with 2016 revenues of
approximately $31.4 billion, and more than 35,500 megawatts
of owned capacity comprising one of the nation's cleanest and
lowest-cost power generation fleets. Learn more at
www.constellation.com or on Twitter at @ConstellationEG.
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version on businesswire.com: http://www.businesswire.com/news/home/20171113006011/en/
ConstellationDave Snyder,
410-470-9700David.Snyder@constellation.com
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